Senate GOP sets stage for energy debate

To consider Democratic plan

Question of the Day

Should Congress make English the official language of the U.S.?

View results

One plan calls for a 10 percent tax credit for businesses that increase payroll in 2012. With a maximum increase in eligible wages of $5 million per employer and the amount of the credit capped at $500,000, the benefit targets small businesses.

The other proposal would allow businesses to write off 100 percent of major purchases made this year. Typically, major purchases, such as large equipment or buildings, must be written off over many years.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

blog comments powered by Disqus
TWT Video Picks